长江商报奔腾新闻记者 徐佳 推进一年，曙光股份（600303.SH）主动撤回了定增申请。 11月10日晚间，曙光股份公告称，公司终止向特定对象发行股票事项并撤回申请文件。 长江商报奔腾新闻记者注意到，2024年11月，曙光股份披露定增预案。公司拟向实控人之一梁梓非公开 发行股票不超过1.49亿股，募集资金总额不超过3.39亿元，扣除发行费用后的募集资金净额将全部用于 补充流动资金。 同样在11月10日晚间，曙光股份披露2025年10月产销数据。2025年10月，公司整车产量6台、销量108 台，同比减少83.33%、56.8%。其中，客车的产量和销量均为0台，上年同期分别为4台、3台；皮卡的 产量和销量分别由上年同期的20台、235台减少至2台、104台，降幅90%、55.74%；特种车的产量和销 量均为4台，上年同期均为12台。 2025年前十月，曙光股份整车销量合计为1693台，同比减少10.94%。其中，仅特种车的产量和销量均 达到148台，同比均增长4.96%。客车、皮卡的产量分别为41台、1504台，同比减少28.07%、11.69%， 销量分别为30台、1171台，同比减少50%、38.63%。 ...

Core Viewpoint - The transfer of shares by Shanghai Zhixi, a significant shareholder of Purun Co., Ltd., has resulted in a cash-out of approximately 596 million yuan, while the company's stock price has seen a substantial increase despite a decline in net profit [1][2]. Group 1: Share Transfer Details - Shanghai Zhixi, holding 18.37% of Purun's shares, transferred approximately 5.58 million shares at a price of 106.66 yuan per share, totaling around 596 million yuan [1]. - The shares were fully subscribed by 24 institutional investors, including major firms like UBS AG, J.P. Morgan, and Morgan Stanley, as well as domestic securities companies and private fund managers [1]. Group 2: Ownership Changes - Following the share transfer, the ownership percentage of Wang Nan and his concerted actors in Purun decreased from 41.97% to 38.19% [2]. Group 3: Company Performance - Purun Co., Ltd. reported a revenue of 1.433 billion yuan for the first three quarters of 2025, reflecting a year-on-year increase of 4.89%, while the net profit attributable to shareholders dropped by 73.73% to approximately 59.04 million yuan [2]. - The company's gross profit margin for the first three quarters was 29.96%, down by 3.40 percentage points year-on-year, attributed to a slowdown in terminal market demand and rising product costs [3]. Group 4: R&D Investment - The company invested 224 million yuan in research and development in the first three quarters of 2025, marking an increase of over 30% compared to the previous year [4].

民间投资再迎重磅政策利好。 长江商报奔腾新闻记者 李璟 11月10日，为进一步激发民间投资活力、促进民间投资发展，国务院办公厅发布《关于进一步促进 民间投资发展的若干措施》（简称《若干措施》），重点围绕扩大市场准入、促进公平竞争、强化资源 支持、优化投融资服务等民企核心关切，提出13项针对性政策举措。 长江商报奔腾新闻记者注意到，2025年中央财政安排5000亿元新型政策性金融工具，聚焦科技创 新、消费升级和外贸稳定三大核心方向，兼顾传统基建，由三大政策性银行投放，全部用于补充项目资 本金。其中，支持了一批符合条件的重要行业、重点领域民间投资项目。《若干措施》对超过400万元 的工程采购项目中适宜由中小企业提供的，严格按规定预留该部分采购项目预算总额的40%以上专门面 向中小企业采购，鼓励地方政府结合实际进一步提高预留份额。 《若干措施》还要求，各地区、各有关部门要加强对民间投资的服务、指导和规范管理，引导民营 企业诚信守法经营，科学进行投资决策，积极履行社会责任，切实防范各类风险，促进民间投资高质量 发展。国家发展改革委要会同有关方面加强政策指导、统筹协调、督促落实。 责编：ZB 市场准入是经营主体参与经济 ...

长江商报消息●长江商报记者 黄聪 会畅通讯（300578.SZ）董事长何其金退居二线，交接棒来到自己儿子手中。 11月9日晚间，会畅通讯发布公告称，公司董事会选举何飞担任公司新任董事长。何其金与何飞为父子 关系。 当前，摆在何飞面前的，是一个业绩下滑的会畅通讯。2025年前三季度，公司实现营业收入3.39亿元， 同比下降0.48%；归母净利润1015.57万元，同比下降55.84%。 会畅通讯表示，结合当前募集资金投资项目的实际实施情况和投资进度，拟终止这一项目的建设，并将 剩余募集资金永久补充流动资金事宜。 "85后"何飞接任董事长 会畅通讯迎来"85后"新董事长，也完成了"企二代"指挥棒的交接。 10月23日，会畅通讯发布的公告显示，公司董事会于近日收到公司董事长何其金提交的书面辞职报告， 何其金因个人原因，申请辞去公司董事、董事长及董事会提名委员会职务，辞职后，何其金不再担任公 司任何职务。 11月9日晚间，会畅通讯发布公告称，公司董事会选举何飞担任公司新任董事长，任期自本次董事会审 议通过之日起至第五届董事会任期届满日止。 截至目前，何飞未直接持有会畅通讯股份，通过公司控股股东江苏新霖飞投资有限公司间 ...

Core Insights - The "5G + Industrial Internet" initiative is a key driver for the deep integration of the real economy and the digital economy, providing a Chinese solution for new industrial networks to leapfrog development [1][2] - The 2025 China 5G + Industrial Internet Conference will be held from November 21 to 23 in Wuhan, focusing on cutting-edge technologies and trends in the "5G + Industrial Internet" sector [1][3] - The conference aims to create a national platform for policy release, technology display, industry connection, and achievement transformation, supporting the acceleration of new industrialization and the construction of a modern industrial system [3][4] Event Details - The conference will feature an opening ceremony, forums, parallel sessions, and various activities to explore new paths for industrial transformation and upgrading under the backdrop of "Artificial Intelligence +" [1][3] - Over ten parallel forums will be held, focusing on new information infrastructure, industrial transformation, and technology innovation, among other hot topics [3][4] Policy and Economic Impact - The conference will release significant policy documents and achievements, aligning with the goals set by the 20th National Congress of the Communist Party of China to focus on the real economy [2][3] - The previous five conferences have led to substantial outcomes, including the launch of the first "Spark Chain Network" super node in Wuhan and the signing of over a hundred projects, driving hundreds of billions in investments [2][6] Regional Development - Hubei Province has achieved a 60% cloud adoption rate among industrial enterprises, leveraging 5G and the Industrial Internet as keys to industrial transformation [5][6] - The core industry value added of the digital economy in Hubei reached 283.5 billion yuan, accounting for 9.57% of the GDP [6][7] Infrastructure and Collaboration - Hubei has established two national-level industrial internet platforms and 136 provincial-level platforms, covering key industries such as automotive and electronics [7][8] - The province is focusing on building a collaborative ecosystem that integrates government, research institutions, enterprises, and applications to enhance technology development and market demand alignment [4][8]

长江商报消息 ●长江商报记者 沈右荣 重大工程项目建设顺利推进，四川成渝（601107.SH）签订总承包合同。 四川成渝的重大项目顺利推进。 成雅高速是四川成渝的核心资产，现有收费权益将于2029年12月31日到期。在成雅高速收费到期前，四 川成渝对这条高速进行扩容。 根据公告，四川成渝持股85%的控股子公司成雅公司负责 G5 京昆高速公路成都至雅安段扩容工程项目 的建设、运营、管理、移交等工作。为实施本项目建设，成雅公司与四川省交通建设集团有限责任公司 （简称"交建集团"）、四川公路桥梁建设集团有限公司（简称"路桥集团"）、四川高路信息科技有限公 司（简称"高路信息"）分别签署《G5 京昆高速公路成都至雅安段扩容工程项目工程总承包合同》（简 称"《总承包合同》"），各合同最高限价分别为人民币约131.31亿元、39.07亿元、8.56亿元，合计约为 178.94亿元。 上述交易属于关联交易，成雅公司系四川成渝控股子公司，四川成渝与交建集团、路桥集团、高路信息 均属蜀道投资集团有限责任公司控制，交建集团、路桥集团、高路信息属于四川成渝的关联人。 针对扩容成雅高速，四川成渝称，投资成雅扩容项目将重新核定成雅高速 ...

长江商报消息 随着青岛国资增持计划实施完毕，青岛银行（002948.SZ，03866.HK）的股权结构迎来重大调整。 日前，青岛银行披露，青岛国信产融控股（集团）有限公司（以下简称"国信产融控股"）于9月15日至11月5日期 间通过港股通渠道累计增持该行H股2.43亿股，占该行总股本的4.18%，增持金额合计9.57亿元，本次增持计划实 施完毕。 增持完成之后，国信产融控股及其一致行动人合计持有青岛银行11.15亿股，持股比例升至19.17%。 长江商报记者注意到，国信产融控股背后是青岛国资委。本次增持完成，国信系已取代海尔系成为青岛银行的第 一大股东。 对青岛银行股票长期投资价值的认可，支持青岛银行长期发展，是青岛国资大手笔增持的主要原因。 截至2025年9月末，青岛银行资产总额7655.71亿元。2025年前三季度，青岛银行实现营业收入110.13亿元，同比增 长5.03%；归母净利润39.92亿元，同比增长15.54%；加权平均净资产收益率（年化）13.16%，同比提高0.48个百 分点。 2025年以来，青岛银行A股、H股股价累计已上涨约30%、39%。 国信系取代海尔系成第一大股东 事实上，此前青岛 ...

Core Viewpoint - Dameng Data (688692.SH) plans to establish an equity investment partnership focused on the database industry chain, with a total investment of 2.02 billion yuan, aiming for strategic investments to strengthen and expand its market position [2][3][4]. Group 1: Investment Partnership - Dameng Data will collaborate with the Guangdong-Hong Kong-Macao Greater Bay Area Technology Innovation Industry Investment Fund and Zhongwan Private Fund Management Co., Ltd. to set up the partnership [3]. - The Greater Bay Area Fund will contribute 1 billion yuan, while Zhongwan Private Fund will invest 2 million yuan, and Dameng Data will also invest 1 billion yuan, holding a 49.505% stake [3][4]. - The partnership aims to invest in innovative enterprises within the database industry chain, focusing on strengthening, supplementing, and expanding the industry [4]. Group 2: Financial Performance - Dameng Data reported a stable growth in performance since its listing, with a total revenue of 8.30 billion yuan for the first three quarters, representing a year-on-year increase of 31.90% [2][4]. - The net profit attributable to shareholders reached 3.30 billion yuan, showing a significant year-on-year growth of 89.11% [4]. - For the first half of 2025, the company achieved a revenue of 5.23 billion yuan, up 48.65% year-on-year, and a net profit of 2.05 billion yuan, reflecting a 98.36% increase [4]. Group 3: Business Strategy - The company is committed to continuous technological innovation and product iteration, providing comprehensive and efficient data management solutions across various industries [5]. - Dameng Data aims to leverage opportunities in the cloud computing and big data sectors, enhancing product competitiveness and market coverage [5]. - The company offers a range of tools and platforms for data lifecycle management, including data synchronization, extraction, cleaning, and analysis solutions [5].

Core Viewpoint - The acquisition of 60% stake in Guocheng Industrial by Guocheng Mining for 3.168 billion yuan marks a significant step in a 13-year-long commitment from its major shareholder, Guocheng Holdings, despite ongoing market skepticism about the deal's valuation and financial implications [1][2][5]. Group 1: Acquisition Details - Guocheng Mining plans to pay 3.168 billion yuan in cash to acquire a 60% stake in Guocheng Industrial, which has a valuation increase of 156.40% [2][12]. - The acquisition is characterized as a "snake swallowing an elephant" type of deal, indicating that Guocheng Industrial's financial performance is significantly better than that of Guocheng Mining [6][8]. - Guocheng Industrial's projected revenue for 2025 is 10.74 billion yuan, with a net profit of 4.35 billion yuan, which surpasses Guocheng Mining's corresponding figures [6][9]. Group 2: Financial Implications - Guocheng Mining's financial situation is under pressure, with a cash requirement of 3.168 billion yuan for the acquisition, leading to concerns about its ability to finance the deal [3][13]. - As of September 2025, Guocheng Mining's cash reserves were 1.192 billion yuan against interest-bearing liabilities of 2.245 billion yuan, indicating a significant financial strain [13]. - Guocheng Holdings aims to use the proceeds from the sale to reduce its debt to Harbin Bank by approximately 3.024 billion yuan, alleviating some of its financial burdens [12][11]. Group 3: Historical Context - The commitment to inject quality assets into Guocheng Mining has been ongoing since 2012, with various delays and challenges faced over the years [5][6]. - The initial promise of asset injection was made by Jianxin Group when it became the controlling shareholder of the predecessor company, Chaohua Group, which has since undergone several changes [5][6]. - The acquisition process has been prolonged due to financial crises and operational challenges faced by both Guocheng Mining and Guocheng Industrial [5][6][10]. Group 4: Future Outlook - The transaction is expected to significantly improve Guocheng Mining's operational performance if the acquisition is successful, with a commitment from Guocheng Holdings to ensure a minimum net profit of 1.725 billion yuan from Guocheng Industrial over the next three years [10][11]. - However, the cyclical nature of mineral resources raises uncertainties about the sustainability of Guocheng Industrial's profitability [15].

长江商报消息 金盘科技（688676.SH）加快产业升级步伐。 11月9日，金盘科技发布公告，公司向不特定对象发行可转换公司债券的申请已获上交所科创板上市委 审议通过。本次可转债募集资金总额不超过16.72亿元，扣除发行费用后将精准投向核心业务升级、研 发设施建设及流动资金补充等关键领域。 作为海南首家科创板上市企业，金盘科技此次募资布局与主营业务高度契合。随着募投项目逐步落地， 公司有望在"双碳"目标与数字经济发展浪潮中持续领跑。 主营业务多点开花 长江商报记者注意到，依托近三十年行业积淀，金盘科技业绩持续稳健增长，2025年前三季度实现营收 51.94亿元、归母净利润4.86亿元，同比分别增长8.25%和20.27%，净利润增速显著高于营收增速。 其中，在核心业务中，2025年前三季度，金盘科技数据中心领域收入同比激增337.47%，风电领域增长 71.21%，多点开花的业务格局与本次募资方向形成战略协同，彰显公司在新能源、新基建领域的核心 竞争力与发展潜力。 16.72亿募资赋能产业升级 根据公告披露，金盘科技本次可转债募集资金总额上限为16.72亿元，资金用途经过精准规划，全面覆 盖生产升级、研发强化 ...